Virginia National Bankshares FY26 Q2 net income more than doubles to $9 million; EPS rises to $1.65

Reuters2026/07/23 20:44

By:Reuters

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Virginia National Bankshares posted Q2 net income of $9 million, more than doubled from a year earlier; diluted EPS rose to $1.65.
Return on average assets improved to 2.24% from 1.05%, reflecting stronger profitability versus the prior-year quarter.
Net interest margin (FTE) widened 0.25 percentage points to 3.65% as overall cost of funds fell 0.13 percentage points to 1.64%.
Noninterest income climbed to $6.03 million from $1.31 million on a $4.7 million gain from the Bearing Insurance Group transaction.
Board declared a quarterly cash dividend of $0.36 per share, payable Aug. 28 to holders of record Aug. 14.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Virginia National Bankshares Corp. published the original content used to generate this news brief via PR Newswire (Ref. ID: PH11030) on July 23, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Virginia National Bankshares FY26 Q2 net income more than doubles to $9 million; EPS rises to $1.65

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